VOL. XXXIV
NO. 6
12-NOVEMBER-1990
Financial and Banking News
Regional Banking
UBAF Agrees Capital Increase but Some Shareholders Will not Be Able to Pay
Shareholders of Paris-based Union de Banques Arabes et Francaises (UBAF)agreed on 8 November to increase the bank's capital by $100mn (FF525mn at thetime the decision was taken) to $280mn (MEES, 15 October). The increase will bedivided according to the current Arab to non-Arab shareholding ratio of 60:40,and will be paid in by the end of the year....
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